Contractor Liability and Risk Management Solutions
Each time a contractor enters your work site your organization is at risk. To manage this risk your business must make the decision whether or not to invest in a contractor compliance management solution. If a contractor has not received proper screening, or an unqualified contractor is hired without checking their credentials, their inexperienced acts may lead to an accident occurring at the work site that could lead to a string of problems and uncertain economic consequences.
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Research has shown that an upfront investment in compliance management does correlate to reductions in the long-term costs of non-compliance. Therefore, every organization that employs contractors should weigh the estimated costs of a preventative compliance management solution, as outlined above, versus the uncertainty of potential fines, damages, and other economic impacts.
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